

Offer Details
Auto Lease Offer
Al Rajhi Bank is pleased to offer you the best car leasing offer for the car luxury brands
Apply Now via alrajhi bank app- Down payment 0%.
- Admin Fees 0%
- Balloon Payment 45%
- Term 60 Months.
- Low Annual Percentage Rate (including insurance) starting from 4.55%.
Salary Transferred Customers to alrajhi bank
Non-Salary Transferred Customers
- Down payment 5%.
- Admin Fees 0%
- Balloon Payment 35%.
- Term 60 Months.
- Low Annual Percentage Rate (including insurance) starting from 9.87%.
Zero admin fees & Zero Down Payment offer includes the following Dealers:
Brand | Agency |
---|---|
Hyundai | Al-Majdoue, Al-Wallan Saleh Cars Group Mohamed Yousuf Naghi Motors Co |
FORD | Mohamed Yousuf Naghi Motors Co BALUBAID Auto Zone |
Geely | Mohamed Yousuf Naghi Motors Co BALUBAID Auto Zone, Al-Wallan Saleh Cars Group |
Cheery | Al-Yemni, BALUBAID Auto Zone Mohamed Yousuf Naghi Motors Co Saleh Cars Group |
Nissan | Mohamed Yousuf Naghi Motors Co, BALUBAID Auto Zone Petromin |
KIA | Mohamed Yousuf Naghi Motors Al-Jabr, BALUBAID Auto Zone Saleh Cars Group |
GMC Chevrolet | Mohamed Yousuf Naghi Motors BALUBAID Auto Zone Universal Motors Agencies Company Ltd. |
JAC | Mohamed Yousuf Naghi Motors Shuaa Al-Sharq |
GAC | Mohamed Yousuf Naghi Motors Al-Jomahi Automotive Co. |
BAIC – Maxus | Motor Gate Mohamed Yousuf Naghi Motors Saleh Cars Group |
MG |
Mohamed Yousuf Naghi Motors
Saleh Cars Group Tajeer Group BALUBAID Auto Zone |
Haval - Great Wall | Mohamed Yousuf Naghi Motors Saleh Cars Group BALUBAID Auto Zone |
Jetour | Mohamed Yousuf Naghi Motors Saleh Cars Group |
Changan | Mohamed Yousuf Naghi Motors, Al-Majdoue BALUBAID Auto Zone Mohamed Yousuf Naghi Motors |
Suzuki | Najeeb Auto Mohamed Yousuf Naghi Motors BALUBAID Auto Zone |
Mitsubishi | Mohamed Yousuf Naghi Motors, BALUBAID Auto Zone, Al-Esayi Motors |
Mazda | BALUBAID Auto Zone Mohamed Yousuf Naghi Motors |
TOYOTA | BALUBAID Auto Zone Mohamed Yousuf Naghi Motors, |
Bestune | Tajeer Group |
Peugeot | Al-Majdoue |
HONGQI | Universal Motors Agencies Company Ltd. |
Example 1 : Salary Transferred Customer
Asset Type | Loan/Finance Amount | Maturity in Years | APR | Monthly Repayment Amount | Residual Value |
Car | 100,000 SAR | 5 years | 4.55% | 1192 | 45,000 SAR |
Example 2 : Non salary transfer
Asset Type | Loan/Finance Amount | Down payment | Maturity in Years | APR | Monthly Repayment Amount | Residual Value |
Car | 100,000 SAR | 5,000 SAR | 5 years | 9.87% | 1514 | 35,000 SAR |
Example 3 : Salary Transferred with different car price
Asset Type | Loan/Finance Amount | Down payment | Maturity in Years | APR | Monthly Repayment Amount | Residual Value |
Car | 80000 SAR | 5,000 SAR | 5 years | 4.55% | 953 | 36,000 SAR |
How to apply
- Please visit your nearest Al Rajhi Bank branch, or visit any dealer’s showrooms.Or call 8001241222
- Apply online via the website
- Through alrajhi bank app
Terms and Conditions
- Terms and conditions are applying
- Offer is valid until 31 Dec. 2023
Disclosure of Interest Rates on Financing and Saving
The Annual Percentage Rate (APR):
It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.
Illustration:
Asset Type | Loan/Finance Amount | Maturity in Years | APR | Monthly Repayment Amount | Residual Value |
Car | 100,000 SAR | 5 years | 4.55% | 1192 | 45,000 SAR |
*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.
Finance Amount:
The contract stipulates the amount of financing you will receive in addition to the period of repayment of the installments, stating their value and the maturity date of these installments. The data also include the cost of obtaining funding in terms of knowing the fixed term cost rate and management fees.
Maturity In Years:
The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties with the terms of the contract.
Monthly repayment amount:
These payments are recognized in the contract, and the lessee is obliged to pay them on the due dates. The contract shall also include a schedule of repayment installments, in which the value of the asset's rent and the value of the right of ownership shall be shown separately, provided that the premium for any period shall not be less than the principal's rent for that period in the contract.
Residual Value:
The last payment is usually to 50% of the car price which you decide to pay at the end of the lease. It makes the monthly rentals that you pay less, but you have to be ready to make a large payment at the end of the lease
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